IIM Bangalore Placements 2017; participation of over 160 top recruiters

Bengaluru: The Final Placement season for the PGP Class of 2015-17 of Indian Institute of Management Bangalore (IIMB) witnessed participation of over 160 top recruiters in India and abroad across all business sectors with renewed vigor.

A total of 411 students participated in the placement process this year, while 10 graduating students opted to defer their placement to pursue entrepreneurial or other opportunities. They received over 450 offers across 200+ job profiles from 160+ companies. Altogether 162 Pre-Placement Offers (PPOs) were extended to students before the start of the Final Placements based on their performance during the Summer Internship and 133 PPOs were accepted by the students. As many as 139 offers were made by firms in varied domains like Consulting, Business Leadership, Product Management, Operations, Category Management and General Management during the Lateral Placement (LP) process for students with more than 22 months of work experience. The LP process matches the recruiting company’s specific needs with the experienced students’ expertise and career interests. Altogether 116 of these lateral offers were eventually accepted. Over 15 students were offered overseas placements while some more are expected to join in India for subsequent international postings. Six students of the last batch, who had lost their campus placement jobs due to restructuring, were successfully placed this year, while three students of the graduating batch are part of the ongoing placement process.

IIM Bangalore played host to most leading global banks on the first day of the Final Placements. Goldman Sachs made 14 offers, including PPOs. Other offers were made by Citibank (5), HSBC (4), Morgan Stanley (2), Deutsche Bank (2), DBS (1) and Standard Chartered (1). The process also saw the participation of Visa and American Express for operations and global strategy roles. Among banks and financial firms, American Express made 8 offers followed by Yes Bank (7), ICICI Bank (6), Visa (3), Axis Bank (2), JM Financial (2), Fullerton (2), Société Générale (2), Aviva (1) and CRISIL (1).

In the strategy consulting domain, the Boston Consulting Group led with 20 offers (including PPOs) followed by Accenture Strategy (14), McKinsey & Co (13), Bain & Company (10), Deloitte (10) and AT Kearney (9). More than 30% of the entire batch received offers in the broadly defined consulting sector, which included reputed names like EXL Consulting (10), Alvarez & Marsal (5), Roland Berger (4) and Strategy& (3). Other prominent recruiters in the consulting space were KPMG (7), PricewaterhouseCoopers (5), Nomura Research Institute (2), PwC Diamond Consulting (2) and Ernst & Young (1).

Conglomerates recruited in large numbers for their leadership tracks and general management positions with the Aditya Birla Group leading with 10 offers, followed by Wipro Global (7), Bharti Airtel (6), Jindal (5), CK Birla Group (4), Mahindra Group (4), Tata Administrative Services (3), Reliance Industries (3) and RPG (2).

Many students opted for Sales and Marketing roles and were extended offers by major consumer goods firms led by Anheuser-Busch Inbev with 8 offers. Other leading recruiters in this category were Procter & Gamble (7), Hindustan Unilever (4), ITC (2), Johnson & Johnson (2), Marico (2), Asian Paints (2), Himalaya (2) and Mondelez International (1). M.H. Alshaya, a leading retail chain from the Middle East, recruited 4 students this year.

Professor Ganesh N Prabhu, Chairperson, Career Development Services, IIM Bangalore, said: “We experienced a qualitative improvement in the placements this year. Increased hiring by banks, consulting and consumer goods firms compensated for the firms that could not participate in our placements this year.”

Harsha Bhattad, Placement Representative, said: “In addition to the continued interest shown by traditional recruiters, we also saw over 25% first-time recruiters who hired in good numbers. Further, the increased efforts put in by students resulted in them getting their preferred jobs.”